Global Aliphatic Solvents Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Mineral Spirits, Hexane, Heptane, Varnish Makers’ & Painters’ Naphtha and Others.

By Application;

Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubbers & Polymers, Printing Inks and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn678249375 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Aliphatic Solvents Market (USD Million), 2021 - 2031

In the year 2024, the Global Aliphatic Solvents Market was valued at USD 3,029.47 million. The size of this market is expected to increase to USD 4,248.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Aliphatic Solvents Market is an integral part of the chemical industry, encompassing a range of solvents that are derived from petroleum or natural gas. These solvents are primarily used for applications requiring high solvency power and low odor. They are essential in various industries, including paints and coatings, cleaning products, adhesives, and chemical intermediates. The market is driven by the increasing demand for environmentally friendly and sustainable solvents, with manufacturers focusing on low-VOC (volatile organic compounds) and bio-based alternatives to meet stringent environmental regulations.

The growth of the aliphatic solvents market is propelled by the expanding construction and automotive industries, which demand paints and coatings that utilize these solvents for their fast-drying and excellent thinning properties. Additionally, the growing awareness of the need for sustainable practices is encouraging the development of bio-based aliphatic solvents. However, the market faces challenges from regulatory pressures due to VOC emissions and the volatility of raw material prices, which can impact the production costs and market prices of these solvents.

Regionally, Asia-Pacific dominates the global aliphatic solvents market due to rapid industrialization and urbanization, especially in countries like China and India. The region's growing automotive and construction sectors significantly contribute to the demand for paints, coatings, and cleaning products, which in turn drives the market for aliphatic solvents. North America and Europe are also key markets, where there is a strong emphasis on developing environmentally friendly solvents to comply with strict environmental regulations. These regions are investing in research and development to innovate low-VOC and bio-based solvent solutions.

The future of the aliphatic solvents market lies in the development of eco-friendly and sustainable solutions. Innovations in bio-based solvents derived from renewable sources are expected to gain traction, offering a viable alternative to traditional petroleum-based solvents. Moreover, advancements in formulation technologies are anticipated to enhance the performance characteristics of aliphatic solvents, such as improved drying times and reduced environmental impact. As industries continue to prioritize sustainability and environmental responsibility, the aliphatic solvents market is poised for growth, driven by the increasing demand for high-performance, green solvent solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Aliphatic Solvents Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand in paints
        2. Growing industrial cleaning applications
        3. Increasing automotive sector demand
        4. Expanding construction industry use
        5. Shift towards low-VOC products
      2. Restraints
        1. Environmental and health concerns
        2. Volatile raw material prices
        3. Stringent government regulations
        4. Availability of alternatives
        5. Declining demand in developed regions
      3. Opportunities
        1. Growth in emerging markets
        2. Development of bio-based solvents
        3. Innovation in product formulations
        4. Expanding application in electronics
        5. Sustainability and green solutions focus
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
    3. Technological AnalysiPorter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aliphatic Solvents Market, By Type, 2021 - 2031 (USD Million)
      1. Mineral Spirits
      2. Hexane
      3. Heptane
      4. Varnish Makers’ & Painters’ Naphtha
      5. Others
    2. Global Aliphatic Solvents Market, By Application, 2021 - 2031 (USD Million)
      1. Paints & Coatings
      2. Cleaning & Degreasing
      3. Adhesives
      4. Aerosols
      5. Rubbers & Polymers
      6. Printing Inks
      7. Others
    3. Global Aliphatic Solvents Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ganga Rasayanie P. Ltd.
      2. Pon Pure Chemicals
      3. Carolina International Sales Co., Inc.
      4. Banner Chemicals Limited
      5. Technical Products, Inc.
      6. JiangYin WuYang Chemical Co.,Ltd
      7. RB Products, Inc.
      8. Calumet Specialty Products Partners
      9. L.P.
      10. Gadiv Petrochemical Industries Ltd
      11. HCS Group GmbH
      12. SK Global Chemical Co., Ltd
      13. Industries Gotham Inc
  7. Analyst Views
  8. Future Outlook of the Market